Word: super-rich
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...what's in it for ADUG? For super-rich investors, short-term profits are an unlikely motive. Russian oligarch Roman Abramovich has sunk more than $1 billion into Chelsea since buying the London club in 2003. But while that's earned the team two Premier League titles and a place in the finals of Europe's élite club competition, Chelsea still couldn't manage a profit...
...Senate, experts estimate that the total loss to the Treasury from offshore tax evasion could be as high as $100 billion a year, including $40 billion to $70 billion from individuals and some $30 billion from corporations. Of course, there are legitimate reasons to have offshore accounts. "The super-rich aren't born into the category of being tax evaders," points out John Christensen of the Tax Justice Network. In the coming months, however, we're likely to find out a lot more about the ones who learned...
Carter has hope because Edward - however deep the Scrooge impulses that have earned him his fortune - is quickly revealed as the sort of super-rich subspecies Hollywood loves: the curmudgeon with a heart of gold. Nicholson played this character in As Good As It Gets; Andy Griffith had a shot at it this year in Waitress. Both are Old Testament deity types who want to spend their largesse on one lavish good deed, instead of, say, giving all the people in their employ a $2-an-hour pay raise. But, no, that would merely promote the general welfare; movies...
With the income line between the rich and the super-rich becoming sharper and more and more individuals gaining access to run-of-the-mill luxury, the gilded class is looking for ways to set itself apart. Luxury brands are responding with exclusive products that offer a personal touch. "We are so inundated with luxury right now that the guy who once bought three Zegna suits is upgrading to something even more luxurious," says Michael Macko, men's fashion director at Saks Fifth Avenue...
...singer owns an apartment in Manhattan, an estate in Rumson, N.J., and a home in Los Angeles. But he apparently disdains yachts, private jets and most of the trappings of the super-rich. At the Los Angeles recording session for We Are the World last year, as the other rock stars were arriving with their entourages in limousines, Springsteen strolled up alone. The Boss had flown in from a concert in Syracuse and rented a car at the airport...